From 13 January 2014 the standard VAT rate will increase again to 19%, at which point the 8% reduced rate also rises to 9%. The current reduced rates of 5% and 0% remain unchanged.

New value added tax (VAT) rates will be effective in 2014.

• The “standard” VAT rate then increases from 18% to 19% on 13 January 2014.
• The “reduced” VAT rate increases from 8% to 9% on 13 January 2014.

For further information please see http://www.mof.gov.cy/mof/vat/vat.nsf/DMLrates_en/DMLrates_en?OpenDocument